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Gold/Mining/Energy : Agnico-Eagle Mines Ltd. - AGE (U.S. AEM) -- Ignore unavailable to you. Want to Upgrade?

To: Roebear who wrote (745)	2/25/2000 11:24:00 AM
From: Robert J Mullenbach	Read Replies (1) \| Respond to of 1612

100% Increase in Gold Reserves, WOW Here for the long term. biz.yahoo.com XXXXXXXXXXXXXXXXXXXX ``The worst gold price environment in decades and lower gold grades in the soon-to-be depleted Shafts No. 1 and No. 2 mining areas at our LaRonde Mine contributed to Agnico-Eagle's disappointing operating results in 1999', said Sean Boyd, President and Chief Executive Officer. ``However, gold production is ahead of budget in the first two months of 2000 and the expansion program at LaRonde is on schedule to begin mining the new mineralized zones at an increased production rate through Shaft No. 3 in the second half of 2000. Furthermore with the substantial increase in ore reserves and resources reported today, the LaRonde deposit is currently the largest gold deposit in Canada with a combined gold reserve and resource of 6.1 million contained ounces', added Mr. Boyd this baby has leverage, if gold ever took off.